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Takeover of New Century by disgruntled Sibanye in play

ONE of the more disappointing resource sector market performers of the past five years - given the underlying promise it held - is under takeover offer, with New Century Resources in the sights of 19.9% shareholder Sibanye-Stillwater.

Michael Quinn
Sibanye is indicating it is not happy with New Century potentially going down the traditional mining route at Mt Lyell, Tasmania

Sibanye is indicating it is not happy with New Century potentially going down the traditional mining route at Mt Lyell, Tasmania

The Johannesburg and New York Stock Exchange-listed Sibanye is set to lodge a A$1.10/share bid for New Century, saying it was concerned about the "change in the strategic direction of the company". ...

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